Timmins Drill Results Show High-Grade Mineralization at San Francisco Mine

Timmins Gold Corp. (TSX:TMM) announced recent drilling at its San Francisco mine in Mexico revealed the presence of at least three high-grade gold-bearing structures, all located just 50-100 meters from the surface along the south wall of the open pit. Exploration showed that the lenses extend up to 300 meters along on strike and 200 meters down dip. Notable results include: 4.5 meters averaging 5.5 g/t gold at 9 meters downhole and 3 meters averaging 6.2 g/t gold at 6 meters downhole.

Bruce Bragagnolo, CEO of Timmins Gold, commented:

Results from our drill programs underneath and along the edge of the San Francisco pit indicate the potential to increase the mineral reserves and resources at San Francisco and also improve our average grade. The drilling beneath the pit has confirmed our geological theory that the high grade structures are relatively continuous along the south wall of the pit and may extend along strike underneath the ultimate pit design. It also appears that these structures may extend beyond the eastern edge of the pit. The proximity of the mineralization to the existing pit suggests that it may be accessible by means of limited underground development from the current open pit. Given the size and grade of the structures, underground mining at the pit may offer significant economic benefits, which our technical staff will continue to evaluate during 2015.

Click here to read the full Timmins Gold Corp. (TSX:TMM)  press release.